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of the cuts into taxes. but at any rate, we think early this week we'll have a clear sense of getting this done t. may have to go back to the house if the senate does amend it, and then the house i think would quickly pass it. host: stick with us real quick. senate majority whip dick durbin was on fox news sunday yesterday talking about the continuing spending resolution to keep the government funded and timing on what. i want to play that now. >> this is all very important, i understand, but we have work to be done in just a short period of time. i urge my senate colleagues, let's be sparing in the amends. let's get the c.r. passed. we can do it and do it quickly this coming week. host: before we let you go, if they don't get this done this week railroad company we thinking members may come back from recess next week before the 27th? is there any talk of that? guest: there's been nothing that i've heard, and i mean, i just wouldn't -- i wouldn't be too speaked by this. i think they will get it done early. i think they'll know by today, we'll be able to rough out a schedule after we h
we spoke to grover norquist of americans for tax reform on this morning's washington journal. here's a portion of the conversation. >> host: welcome back to the "washington journal" and over -- grover norquist joins us. i want to get your thoughts on the news of the growth and opportunity project report out from the republican national committee, the chairman of the republican national committee is having a press conference that started a few minutes ago at the national press club, talking about changes that the party needs to make in terms of outreach, changes to how to dominate a presidential nominee. just on what you've heard so far? >> guest: first of all is important to do a postmortem on an unsuccessful campaign. republicans at every recent to believe that -- would capture the senate and when the white house as well and it didn't happen. now at the same time republicans had 30 governors and democrats have 20 and at the state level more republican state legislators than democrats. there are 25 states where republicans have united control in both houses and only 12 states, less
is back, and the $13 billion bailout in cypress. they want to pay for it by taxing people's bank accounts. dagen: the president will announce his no , nominee for s secretary. another looks at a man's record over at the justice department. connell: the cyber threats, a new report according to an isp, nigeria as being the worst for spam. dagen: the corporate tax burden in the country. who pays the most? those stories and much more coming up in hour on "markets now." ♪ connell: markets are going back to positive. dagen: who has a greater connection than anyone in the building. connell: good morning, nicole. dagen: good morning, yes, my mother and father were born in cypress, but i want to look here at the averages, a lot stemming from what we heard in cypress, them giving a vote to tax the depositors there, and that, in turn, could really pressure europe overall, that vote takes place tomorrow. the banks closed until thursday. the euro is at a four month low, and people are spooked. i mean, that's really what's occurring here, down 45 points for the dow jones industrials, so that's down
. he's planning this year to abolish the corporate and individual income tax, moving in a very different direction than the national democrats want to and winning elections with that approach. so there's a lot to be learned both by the failure of the romney campaign and the senate races and the successes the republicans have had at the state level. >> host: and we're taking your calls in this segment with grover norquist with americans for tax reform. the phone lines are open. democrats, 202-585-3880. republicans, 202-585-3881. independents, 202-585-3882. grover norquist known as an expert on some of these budget issues. you bring up the senate budget that we saw from budget chairwoman patty murray last week with. talk about that and how you think it compares to paul ryan's budget. >> guest: there are two major differences. they certainly go in different directions. the paul ryan budget balances in ten years and does not raise taxes. patty murray's budget never balances and raises taxes $1.5 trillion over the next decade. so what the democrats and patty murray are saying in add
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin.
these knuckleheads? orregard to taxing the rich cutting out loopholes, everybody in this country gets some form of entitlement in one shape or form. i don't understand why because i get a paycheck and somebody else makes their money through investments or a different way, why i am taxed more. if you earn money, you get taxed on it the same as everybody else. i do not agree with that at all. and i don't understand why we have to give tax subsidies to corporations that do not need it. why on earth does the oil company need our money? why does the agriculture business need our money? you are making enough money. cut out the tax loopholes and we can get out of this mess. host: we are covering the cpac conference and there are a number of ways you can watch and listen. depending on what the house yesterday, we will be live with the house this morning, once the house recesses, the cpac coverage can be seen on this network. you can also listen on c-span radio and wanted anytime on our website, c-span.org. also be a location to what some of the conferences that get underway this morning. some other com
it to the rich. let's raise taxes trillions of dollars. let's go and stick it to special interests like people who he provide gasoline at the pump. to raise taxes on oil companies. ladies and gentlemen, every time you raise taxes, you raise prices. and every time you race -- raise prices the consumer has to pay more for it. these are the ideas that make america less able to be prepared for its future and cost more money. that's why when you look at this slide you see where the laws already enacted by the democrats are leading america to where we will be functionally bankrupt. we are following theure peaian model exactly what -- the european model exactly what they have done over there for a number of years and now we are seeing firsthand, iceland, greece, cyprus just yesterday. this is the pathway that if our friends, the democrats, get their say, this is where they'll lead us. so republicans through paul ryan spoke about we want to make sure that medicare, social security, that the free enterprise system is alive and well by making these plans and the process therein ready for the employers a
medicare and raise taxes on middle-class families all while handing out more tax breaks to the wealthy. the ryan republican budget is anything but balanced and it reflects the same backward value americans rejected in november. instead of asking the wealthiest to contribute their fair share, the ryan republican budget demands middle-class families pay more in taxes. instead of ending wasteful corporate tax loopholes, it basically ends medicare. in fact, the ryan republican budget takes special aim at health care. it would eliminate free preventive health services for 34 million americans. the ryan republican budget would increase prescription drug prices for seniors by $2.5 billion in one year. it would end the coverage guarantees for 3.1 million young men and women on their parents health plans. the budget would end coverage for mammograms, cervical cancer screenings and contraception for more than 47 million women. and it would allow insurance companies to deny care for 17 million children simply because they were born with a heart defect or some other illness. these drastic cuts wil
wanted to commend it administration for its aggressiveness in getting this person. a tax that may be planned by al qaeda -- attacks that may be planned by al qaeda. all of us should agree that the work that you have done and what the fbi has done since 9/11, really protecting the country against any massive domestic terrorist attacks, and all of your activities internationally, it has really been remarkable. not itscy, it was primary focus on 9/11, but as much of the country, we've had to focus more intently on this issue. i do want to bring you back home. my final question is about the budget and appropriations and the department of justice. we imprison more people than any other nation in the world through our state and federal prison systems. 24% of the doj budget -- you are at about 29%. it will continue to rise. at some point, we need to think differently about what we're doing with people. i have constituents, family, children, we all want to be protected from dangerous people. a society ought to be protected. people involved in wrongdoing should be punished. at some point a
taxes you can take until you topple the entire economy. this is the challenge that this week will have. this week republicans will have a budget that balances in ten years. the democrats' budget never balances. no household can run that way. >> let me challenge you on this point because here is paul ryan this week, and he laid out very clearly what he thought the job was. let me play that. >> we think we owe the country a balanced budget. we think we owe the country solutions to big problems that are plaguing our nation -- a debt crisis on the horizon, a slow-growing economy, people trapped in poverty. we're showing our answers. >> right, but the answers rely on $700 billion in savings from interest. most of the deficit reduction comes from repealing the president's health care reform, which nobody thinks is going to happen. so how seriously should this be viewed as a roadmap for a balanced budget? >> it should be very serious, because budgets -- >> you're not going to repeal obama care. >> budgets are blue prints and priorities. we lay out. we think obama care should be repealed. the
to end medicare as we know it. nobody, as in the ryan budget, wants to reduce taxes dramatically on the wealthiest americans -- 39% to 25% -- and then take away deductions from middle-class people, good deductions that make sense like the mortgage deduction, the charitable deduction, the retitle deduction, the health care reduction. no, no wants to do that. and no one wants to eat our seed corn. investment in education, investment in infrastructure, investment in sign b scientific research in order to keep narrow loopholes open, reductions if you move the business overseas. no, they don't want to debate that. but now we have a budget. because of the leadership of the chair of the budget committee and the members of her committee -- and, by the way, this is no -- this is not a small group of democrats. it runs from our most liberal members to our most conservative members, all united around the budget that is fiscally responsible. it meets the gramm-rudman -- i mean, i'm on old guy -- the simpson-bowles constraints, budget target. it invests in jobs in the economy, and closes loop
taxes and pay cuts, instead what they did was they taxed bank deposits. they're calling it a tax. a lot of folks are calling it a seizure. here's what's significant. even small depositors below the insurance threshold are going to get hit. the original number for small depositors below 100,000 euros was 6.5%. they're working in parliament right now about shifting that and any other subsequent plan suggests that if you have insured money it will still get hit. what did we see over the week whend this announcement happened on yesterday? runs on the atms at the banks in cypress because they'd shut down the banks as a result of this. they stopped all wire transfers and you also if you tried to take money out they had partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of
were struggling under he harsh new austerity measures, the ryan plan would cut tax billers in most fortunate. last year the joint economic committee estimates that ryan's tax plan would lower taxes for millionaires by about $300,000 while raising taxes for individual taxpayers earning between $30,000 and $100,000 by over $4,000. how fair is that? at a time when income inequality is widely viewed as a very serious problem in our country, the ryan plan would make it worse. the gap between the haves and the have-nots would grow larger under the ryan plan. the ryan plan would ask tens of millions to bear additional burdens, pay additional taxes, face additional hardships. while it cut taxes for the fortunate few and preserved loopholes for big oil and spent an additional half million dollars on the military over the next 10 years. and at the end of a decade of paying -- of painful cuts, according to the nonpartisan tax policy center, the ryan budget would have managed to actually add $5.7 trillion to the deficit . a close look at the math makes it clear that the ryan budget can't recou
the budget. that would eliminate the deficit. on the senate side, we have accommodation of raising taxes by getting rid of unspecified tax loopholes and also cutting spending in areas like on subsidies and making changes to programs like medicare and medicaid. the democrats are pushing forward their plan. but right now there is no bipartisan plan to merge. in this slow and thoughtful thing, we will have to wait and see. >> i know you don't like the editorials from the publication "the wall street journal." this title is a key to the senate democrats play a role in the budget negotiations. beginning with these words, ring the church bells and set up the white smoke. senate democrats have released their first budget in four years. give patty murray credit for finally proposing something in public view. but after reading the document, we can say we can see why the democrats were so reluctant for so long. then the editorial spells out some specifics. >> they did not put forward a budget for warriors. we went through a crazy for years with the economy. we went to the financial crisis and the
of selective tax cuts that would lift all yachts, but leave many dinghies behind. our republican friends like to talk about making the hard choices, but what they propose here would make it much harder for millions of americans and also make things much easier for a fortunate few. that's their plan. now, specifically under this plan, he has this new goal of balancing the budget in 10 years. and to accomplish this, he slashes funding safety net programs that, for seniors, students, children, low-income families and women. the budget slashes food stamps, cuts funding for infrastructure investments, like high-speed rail. we are falling way behind the rest of the world. we need to invest in our infrastructure to stay competitive. and it does nothing for job creation or to help the unemployed. the ryan plan places medicare and really ends medicare as we know it by replacing it with a voucher system and replaces medicaid by making it a block grant to the states. these cuts hurt tense of millions of america -- tens of millions of americans who count on medicare for their health care coverage. don't
to defend including some of the tax increases that have gone into it effect in recent years and explain how he would also get rid of the president's health care reform act. he said we consider the tax increases to be federal law and that our question, it isn't the affordable care act federal law? he said, n,o this is something we want to continue fighting. democrats say that we've been through a supreme court challenge to an annual voted on this 30 times, why are we continuing to battle over something that democrats have no intention of appealing? host: the president is scheduled to release his budget a week of april 8. he is set to meet with house republicans today. give us the nature of these meetings. guest: the meeting today is the second of four meetings. it's part of his charm offensive stories trying to win over congressional support for a grand bargain. this has been an effort that was spurred by failing in the sequester a couple weeks ago. he has almost the opposite challenge of what he did yesterday when he met with senate democrats. they were pressing him on his willingness to ac
't the president, but the governor of california, and tax reform happened in that state. and it wasn't until later, ironically back in california, when ronald reagan as the president signed into raw the economic recovery -- into law the economic recovery act. real reform happened in the states. as was mentioned yesterday, there are now in america some 30 states that have republican governors and nearly as many that have republican legislatures. [applause] and so that's the good news. the good news is we have success, and it's happening in our states, and we can learn from that to tell our friends and our colleagues in washington how to move forward. because, you see, in the states to be successful we have to be optimistic. we have to be relevant. and most importantly, we have to be courageous. let me talk to you a little bit about each of those three things. you see, when it talks about being inspirational and optimistics, one of the things that's interesting is when i first ran for governor -- i have to say first because who would have thought i'd have to get elected twice in the same term -- [la
of the tax revenue needed to overcome our fiscal challenges. president obama has proposed the comprehensive american jobs act to get people trained, get people working and get people contributing to the tax base. mr. speaker -- madam speaker, it's time to bring this bill to the floor. our mantra should be simple -- jobs, jobs, jobs. people are suffering. people are hurting for jobs, jobs, jobs. the speaker pro tempore: the gentlelady's time has expired. the chair will receive a message. the messenger: madam speaker, a message from the president of the united states. the secretary: madam speaker. the speaker pro tempore: mr. secretary. the secretary: i am directed by the president of the united states to deliver to the house of representatives a message in writing. the speaker pro tempore: for what purpose does the gentleman from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized. >> madam speaker, today i speak of the importance of working together to adopt a budget on time in the
that was $12 trillion ago. also, the federal government has raised more money via income taxes in its history and this is under the evil george bush tax cut, which proves, by the way, that that lowering taxes brings more money into the federal government. thank you. the president says we don't have a long-term debt crisis but when there is discussion going on with republican leadership he is pushing to raise taxes. if we don't have a debt problem hen why do you want to raise taxes? george stephanopoulos' follow-up question was so tough. >> i was given the microphone because my voice doesn't carry or because of the symbolism. i'm going to put -- i'm taking a wild leap here. i'm going to put this panel down as skeptical about the current president is that right? >> that might be right. >> don't start now. >> i think it is interesting when you watch the politics of what president obama is doing in that interview. i think everyone in this room when you talk to squert -- conservative activityists that everyone thinks there is a problem and there needs to be a balance in four years or 10 years. the
medicaid turns medicare into a voucher program. it gives the wealthiest of americans yet another tax break and it repeals obamacare. it will get passed by the house. it will go nowhere in the senate. it is dead on arrival. but the republicans keep putting this out there. we will tell you about that and, of course, take your calls and get you a chance to get involved in the conversation. give us a call on our toll-free line at 866-557-7377. did we tell you? it looks like there was life on mars. whoa! coming up on current tv. [ music ] (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. this show is about analyzing criticizing, and holding policy to the fire. are you encouraged by what you heard the
americans. seasked them to please shut theu tax takes because we understand the negative effect our taxes would have on our fragile o economy and the millions of americans still looking for alr work. it's also because we know washington democrats gotd rememe $600 billion in taxes they demanded earlier this year.han and $1 trillion they got in taxes from obamacare timegot in taxes from obamacare we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is wasted, the democratic budget would increase democratic budget would increase they nearly 62%. it. and it will let medicare and social security drift ever closer to bankruptcy. and then there's the democrats' $1.5 trillion tax hike. that's trillion with a "t." let me just repeat that. any senator who votes for that budget is voting for a $1.5 trillion tax hike, the largest tax hike in american history. so the senate democrat budget is more than just disappointing. it's extreme. extreme. it's really one of the most extreme, most left-wing budgets of the modern era. it says something, i thin
taxes. there are less taxes going into the government. it is because the government cannot balance our budget, cannot act responsibly, cannot work together. host: paul on the air twitter p the " t " huffington post," -- sing on the elderly in theirr of americans 50s at risk of hunter grew by 40%. according to "the huffington post," rising gas prices as low as rising electricity is only exacerbating the trend among some of america's elderly. mike is on the phone in chicago. our question is what is the government's role when it comes to hunker in america? caller: i am a long time listener and a first-time caller. this kind of stuck in there with me. the problem with government is waste.ot watching the you have a lot -- you have an onslaught of people using link texting on iphones. they are taking advantage of the system. if our government to find out who really need it and give it to them -- people who can work should work. host: thank you for the call. to not be a stranger. if you have access to the internet, "the washington post" has this story on their website. the focus is on one rho
and medicaid, give the wealthy yet another tax break, put most of the burden on the poor and middle class and repeal obama care. this budget is going nowhere. it will be dead on arrival in the senate. it is pure fiscal mastur va tion. yet paul ryan gets credit for being a serious thinker. i will tell you this if paul ryan is a serious thinker i am an astronaut. take a look at the budget. doesn't add up. tomorrow, congressman keith ellison and peter welch, oh, boy. can't wait for that. come back and join us right here tomorrow. >> this is "the bill press show." [ ♪ theme ♪ ] >> stephanie: happy wednesday everybody. jacki schechner, you know i have so few things in my life. look how happy i am about my new coffee mug. >> what does it say? >> stephanie: it is green in time for st. patrick's day. >> ooh. does that mean there's no pinch ug? >> stephanie: here now is colin farrell. >> messing about with mrs. all the rumors are true. >> i got about a third of that. then again if he looks like colin farrell, it doesn't matter. >> stephanie: all right. now here we are. we'
now that they are working on does nothing more than raise taxes. they want more of your money, more money out of your paycheck. ask yourself does washington really need more of your money? we are $16 trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actuall
, it results in unfair tax hikes on middle class americans and results in undue burden on middle class americans through the cuts envisioned. >> this republican budget once again makes an ideological, uncompromising approach to addressing that budget challenge. >> perhaps the best thing i can tell you about the republican budget is that here we go again. >> yesterday americans got their first look at this year's ryan republican budget. turns out it it looks like last year's ryan republican budget and it wasn't the only one. i wasn't the only one that said, gee-whiz, not again. >> sean: their fearless lead her -- their fearless leader demagogued so he they demagogued. why are you laughing? >> i'm laughing because these are what i'll call the jim jones democrats. these people are unbelievable with what they're talking about. let me throw a few facts on the table. the government accountability office that works for harry reid and obama, they say 125 billion dollars in estimated improper payments in the federal government? i've got another one of their reports, 510 billion dollars of dupli
way, both by smart cuts, by closing all of those tax loopholes for high-income people. by the way, mitt romney and paul ryan talked about during the campaign -- those tax breaks are all still there. by eliminating those tax breaks, we can take a balanced approach to reducing the long-term deficit. which is an issue. but you shouldn't sacrifice economic growth now, on the altar of deep cuts and an austerity philosophy. >> i want to bring the panel in because you know, the congressman talks about making smart cuts now. what's in it for democrats to do any grand bargaining at all. any savings that would be applied in cutting the budget, would not be applied to their priorities. it's not as if you're going to reduce government spending on x and spend it more on the poor, spend it more on things democrats care b. why are democrats arguing for a budget at all? >> you and i don't agree on this, joanne. i think long-term, as congressman van holland says, you have to create a sustainable budget path. with the baby boomers, retirement and all sorts of other huge coming costs, we need to hav
of control debt, out of control taxes, out of control regulation, that's the only other period. president reagan came in facing that stagnation and he implemented policies the exact opposite of barak obama. in fact, it's interesting. 79 to 83, economic growth was 0.8%. today it's 0.8%. for the exact same period. because obama didn't learn the lesson from reagan that if you want to turn the economy around, you cut taxes, you reduce spending, you reduce the debt and don't send regulators like locusts to destroy small businesses and jobs. [ applause ] do you know if president obama had followed the reagan policies and we had seen the identical growth that president reagan saw inheriting the same lousy economy barak obama did, do you know that today we would have 7 million additional new jobs in america? let me help make that a little more concrete. 7 million new jobs is the equivalent of giving a job to every man, woman and child in chicago, houston, philadelphia, and boston. that's what we're talking about. [ applause ] and the stagnation under president obama doesn't fall uniformly. listen
system. one more tax paying productive member of society who may discover a new energy source. we need all of them. [applause] and the humanitarian part of the program, the carson scholars fund is every bit as important as the academic part. because you see, we are the a humanitarian nation and historically we have been. many people don't know this, but socialism started as a reaction to measured america because people in europe looked at us and said, wait a minute, look at those americans. you've got people like ford, and kellogg and vanderbilt, rockefeller, carnegie, mellen, they've got so much money and look at everybody else who's got nothing and you can't run a system like that, you have to have an overarching government that receives the funds and redistributes it in a fair and equitiable way, have you heard that before? what they didn't realize is that all those names that i just said, instead of, like the land barons of europe hoarding the money and passing it down from generation to generation, instead they built the infrastructure of this nation, they put in the trans contine
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
but kept the tax benefits to balance the budget, which isn't balanced. gives tax cuts to people that make a million dollars a year, cuts medicaid benefits, privatizes medicare benefits. this is crazy. the problem with paul ryan is people don't believe him any more, simply don't believe him. he may be another sarah palin, his day has come and gone. it is hard to take him seriously if you're a policy person. you can't be a successful conservative or successful liberal, the numbers have to work, you have to be taken seriously, you have to be truthful. that budget was a propaganda document, not a serious budget. i was very surprised at that. >> steve, what did you make of that, insofar as the ryan budget, over 40% of savings are based on repealing the president's health care law which is law of the land, being enacted in over 25 states. is he a serious political figure, a serious policy figure in republican circles? >> he is a serious political figure and a serious policy figure in the republican party, but the governor's criticism about the budget is spot on. its formulations are not based i
to the economic policies of the last administration. this is the path to more tax cuts for the rich but less opportunity for the middle class to get ahead. it is a path not to prosperity, which can only truly be built from the middle out, but to the deterioration of our national infrastructure and the decline of our schools and the dismantling of the medicare promise we've made to our seniors. this approach in fact was on the ballot last november. voters around the country rejected it. instead, they want an approach that puts the middle class first, that returns our nation to the fiscal and economic policies that have worked for this country before by focusing on jobs and the economy, cutting spending responsibly, and calling on the wealthiest americans to pay their fair share. the senate budget, mr. president, which we put out today, reflects the progrowth, promiddle-class agenda that the american people went to the polls and supported in november. our budget is really built on three principles. number one -- we need to protect our fragile economic recovery. create jobs and invest in long-t
realistically think it's going away any time soon? the republican fantasy budget reduces taxes dramatically without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world int
. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. michigan's governor is not waiting any longer for a plan from the city government in a very dramatic move today he named the washington attorney kevin orosz to take over the city as emergency manager. the republican governor rick schneider is joining us with kevyn orr. thanks very much for joining us. >> great to be with you. >> thanks for inviting us. >> mr. orr, let me start with you. what are you going to do? you have about 18 months to try to get detroit's finances in order. >> wolf, the first thing is make an assessment if i can of enhancing city services to the citizens of detroit. i'm going to sit down with consultants and restructuring team that the governor has in place to try to prioritize what we need to do next based upo
taxes feel like a round of golf. for this reason, there are some who believe the only way to expose obamacare and rescue the health care system is to let nature take its course, to let it go into effect as soon as possible. they say the sooner it collapses, the sooner we can repeal it and start over. the gentleman from texas and i and everyone else supporting this amendment rejects that logic. we cannot in good conscience send millions of immigrant americans into a dangerously dysfunctional health care system run by unaccountable if well-intentioned bureaucrats. we will not sacrifice millions of families to prove a political point. people's lives and livelihoods are at stake. the american people are not pawns in washington's partisan political gain. we work for them, not the other way around. as public servants, we have an obligation to protect the american people, those who elected us to serve. obamacare is going to hurt our country, our economy, our constituents, our friends and our neighbors. it is the single greatest threat to our economy and to our health care system. eventuall
's a serious blow to your budget -- like getting hit with a new tax coming right out of your pocket. over the past four years, as part of our all-of-the-above energy strategy, we've taken steps to soften that blow by making sure our cars use less gas. we've put in place the toughest fuel economy standards in our history so that by the middle of the next decade, our cars will go twice as far on a gallon of gas. over the life of a new car, the average family will save more than $8,000 at the pump. but the only way we're going to break this cycle of spiking gas prices for good is to shift our cars and trucks off of oil for good. that's why, in my state of the union address, i called on congress to set up an energy security trust to fund research into new technologies that will help us reach that goal. here's how it would work. much of our energy is drawn from lands and waters that we, the public, own together. so i'm proposing that we take some of our oil and gas revenues from public lands and put it towards research that will benefit the public, so that we can support american ingenuity wit
much. bill: a related story in california we were watching yesterday. retroactive taxes that go back five years? how can you do that? martha: find incredibly creative ways to tap into people's wallets. bill: the governor of california has to make a decision. watch that on the desk of jerry brown. we're just getting rolling. there is a new battle over the health care law. some changes states are fighting to put in place. you can imagine the amount of confusion. we'll explain that to you. >> nice work if you get it. there is new government job out there one agency is creating. pays six figures a year. might check it out despite the punishing budge jubt cuts we're hearing about. bill: benghazi six months later. the six simple questions one lawmaker that the believes the administration is dodging. >> the fact we have four dead americans. was it a protest or guys out for a walk decided they would go kill some americans. what difference at this point does it make? usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! hand crafted just for
for virginia, which required them to raise taxes i think on the gas tax or somehow to pay for these highway improvements and god knows northern virginia particularly needs them. no, because he did that and made a deal with the federal government, the department of transportation, he was not invited to cpac. but all of the rest of the crazies were. and it turned out, there was a big split yesterday in the message. -- the messages given to cpac. first of all rand paul scale in hot off of his drone filibuster and said the party needs a shakes-up and a new cleansing. >> the got of old has grown stale and moss-covered. i don't think we need to name any names. do we? >> you know who he is referring to. >> our party is inc. covered by an incounsistent approach to freedom. the new g.o.p. will need to embrace liberty in the comic and the personal sphere. >> which is sort of saying all much those emphasis on the social issues? right? liberty on the personal spear means get the government out of my bedroom. this is the libertarian speaking. when he says, i don't need
. thank god. >> irs. >> jesus loves tax collectors. that is why he accepted the hospitality of tax collectors. they called them publicans. >> if only the border patrol were as feared and effective. >> hispanic america. >> winnable. >> democrats, and gracias. >> chinese cyber attacks. >> democrats, and gracias. >> chinese cyber attacks. >> how can people be so stupid and not know why there are 6000 dead pigs floating through their river? how does that work? >> i would say more threatening than anything happening in the middle east. sorry. >> putin. >> evil, yet hilarious. [laughter] >> bush called him pooty poot. which is embarrassing. he is evil, but -- you have not seen the pictures. >> nra. >> does not represent most gun owners like me who are for president's obama's gun regulations. you have to deal with the reality. >> the only organization working to protect the constitutional right that "the new york times" hates. >> sequester. >> y2k of politics. it came and went, and no one noticed. >> it hasn't gone, and it is so incredibly dumb and it will hurt this country. a totally sel
in taxes. so, let's do the math here. leaving a deficit this year alone of $900 billion which will then be added to the nearly $17 trillion debt. democratic party doesn't seem to care. and liberal americans are putting all of us in danger by their inflexibility on the spending issue. republican senator tom coal berne indicates the senators could save almost 300 billion bucks a year simply by cutting out waste in duplicate programs. let's get very specific for you doubters out there. very specific. please consider these facts. am i being nice? the national institutes of health recently awarded $1.5 million to a boston hospital. to study why many lesbians are overweight and most gay men are not. the feds calling this a silg can't -- significant public health issue. are you kidding me? why am i paying for that? let the overweight lesbians go to weight watchers if they want to like everybody else. here is another one, nasa will spend close to $1 million. researching a quote, mars menu. recipes for food that could some day be served on the planet mars. here is a bulletin. money is
of middle-class families while the wealthiest americans get yet another tax break. after wasting valuable time last congress, voting more than 30 times to repeal health care reform rather than focus on jobs and the economy, the republican budget again calls for its repeal. in addition, their budget ends medicare as we know it, and surprise, surprise, turning it into a voucher program that reduces benefits and leaves seniors paying higher out-of-pocket costs. while this budget blueprint is still lacking in specific details, it is clear that in order to meet the spending targets it outlines, house republicans will slash investments in key areas that are essential to economic growth and job creation, education, job training, science and research will all be on the chopping block in order to reduce the deficit with little regard for the jobs that would be lost and the impact it would have on our nation's competitiveness. the republican budget factors and the sequestration's arbitrary cuts over the next decade, something else that's being rejected by the american people. for new mexico, this m
acts which enforced a heavy tax and banned indians from collecting or selling salt. gandhi and dozens of supporters set out for the coast where they planned to make their own salt from sea water. by the time they got there gandhi's followers numbered in the tens of thousands. his campaign of nonviolence civil disobedience auto would soon spread across the subcontinent. after 17 years britain finally granted india its independence. gandhi took a giant step towards freedom 83 years ago today. and now you know the news for this tuesday, march the 12th, 2013. or wednesday march the 13th here because it's past midnight but don't worry about it. when you get up tomorrow, it will be wednesday. unless -- i'm shepard smith. we will see you back here tomorrow or later today as we continue to watch for a new pope. our coverage begins at 4:30 in the morning eastern time. i dare you to get up with us. until then, good night. >> bill: the o'reilly factor is on. tonight. >> medicare and medicaid. >> bill: that is not a specific program. alan colmes back tonight and we will present some very specific
-fifth of our income in taxes to the federal government each year. but the federal government has spent a lot more. so our budget matches spending with income. >> again, mitt romney is to speak this hour. his first since losing the presidential race. we'll go there live as he starts talking. but first let's bring in our brianna keilar who is at the conference in maryland. so, brianna, this is romney's first speech. highly anticipated. >> reporter: highly anticipated his first major speech, fredricka, since his loss in november. we saw him give an interview recently to fox news channel. but as you can imagine it's very different i think sitting down one-on-one with someone versus being here in an auditorium of so many people, literally could be thousands of people watching him here in national harbor, maryland. we're told by a source familiar with what he's going to say that his comments will be personal and that they will be forward looking. obviously his campaign -- he and his campaign weathered a whole lot of criticism for the loss in november. so it will be really interesting to see how he
have bank accounts would be taxed one time on their deposits. so if someone has an account with $129,000 or less, they would have to fork over almost $9,000. that's a 6.7% tax. people who live there as you can imagine, they're really nervous about this tax. over the weekend, many rushed to withdraw their money out of the bank. this is what's unnerving the markets right now. about 15 minutes before the opening bell. >> al wlis siclisoison kosik li york stock exchange. >>> the heat tied a leg record for the second most con secreta consecutive wins. they will try to extend the streak in boston tonight when the celtics have their own run going, 11 straight home wins. >>> another miami basketball team is also on a roll, though. the university of miami hurricanes beat north carolina to become atlantic coast conference champs and advance to the ncaa tournament. 67 other teamses are in the big dance which tips off tomorrow. that means it's time to fill out those brackets. carlos diaz is checking a huge one here in the cnn center. wow, carlos. ♪ ♪ indiana, indiana, we're all for you, we w
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